Fees and Charges involved with Arab Bank Personal Loan

The fee is 1% of the loan amount availed and has a minimum fee of AED 500 with a maximum fee going up to AED 2500

Processing fees for top-up of existing loans

The fee is 1% of the loan amount availed and has a minimum fee of AED 500 with a maximum fee going up to AED 2500

Penalty interest levied on delayed payments

Penalty interest levied is 2% of the amount due and has a minimum penalty amount of AED 50 and a maximum penalty amount of AED 200

Fees for deferment of an instalment

Each instalment deferred attracts a fee of AED 100

Early Settlement charges from same bank loans

The charge is 1% of the remainder of the balance

Early Settlement charges from other bank loans

The charge is 1% of the remainder of the balance

Early Settlement charges from EOSB

The charge is 1% of the remainder of the balance

Fees for rescheduling of the loan

The fee is AED 250

Fees for cancellation of the loan

The fee is AED 100

Partial payment inclusive of EOSB and all other sources

The charge is 1% of the partial payment

Eligibility criteria of Arab Bank Personal Loan

Listed below is the eligibility criteria for Arab Bank Personal Loan

Any UAE resident with a valid resident VISA

The applicant should be earning income

The applicant should be able to provide the documents required for the loan approval

Fee & charges of Arab Bank Personal Loan

Rate of interest: 5.49% p.a.

About Arab Bank

Arab Bank is one the largest banks in Middle East. The bank was founded in 1930 as the first private sector financial institution in Arab. The bank has a wide spread network in UAE with branches all over UAE. The bank offers financial products and services such as loans, accounts, credit cards, elite banking services and much more.

Frequently asked questions- Arab Bank Personal Loan

What is the grace period granted for the loan?

A grace period of up to 45 days is granted for Arab Bank personal loan

What is the highest tenure period offered?

A tenure period of maximum 4 years is offered on the personal loan

How can I apply for the loan online?

The customer can fill the application form available online on the bank's website in order to apply for the loan.

News About Arab Bank Personal Loan

Arab Bank Registers Net Operating Income of $1.1 Billion in 2015

Arab Bank has declared a net operating income of $1.1 billion in 2015. Its net income after tax and provisions stood at $442 million, down from $557 million the previous year. This decline was because the bank had to make legal provisions of $349million after a settlement agreement without any admission of wrongdoing and favourable to the bank over a legal case filed against it in New York 11 years ago.

However, the underlying performance of the bank remained strong in 2015, with loans and advances – excluding foreign currency devaluation – increasing by 3 percent to $23.8 billion. Arab Bank’s customer deposits also rose by 3 perent to $35.2 billion. The capital adequacy ratio was at 14.2 percent, loan-to-deposit ratio was at 67.6 percent, and cost-to-income ratio was at 42.3 percent. The total Group equity stood at $8 billion. Despite difficult conditions in the region, the ratio of non-performing assets to gross loans was at 4.8 percent.